5 ms·

I have a lot more confidence in the US Federal Reserve, and the power of the US government in general than I do in a crypto company and their “commercial paper”

• Kranar 5y ago
  You don't have to pick one or the other. Most people who hold cryptocurrencies including stable coins representing various currencies also keep US dollars as well as bonds and traditional financial instruments.
  • relax88 5y ago
    This is like saying most people who snort cocaine also buy coffee and so why not just do both?
  • tw04 5y ago
    > Most people who hold cryptocurrencies including stable coins representing various currencies also keep US dollars as well as bonds and traditional financial instruments. Source for that claim? Because it sounds like you just pulled it out of thin air. Most every “common” person I know with any Bitcoin is using it as a get rich quick scheme and very much do not have other financial investments to offset potential losses. I’ve begged one buddy to hedge his bets because I expect like others here he’s going to lose his ass at some point.
  • alisonkisk 5y ago
    Do you have a source for that?